Fighting Illicit Trade With Artificial Intelligence

AI has opened doors to many transformation opportunities and increasingly minimised many risks -- personal and economic -- that are alarming today. And illicit trade is one of those pains AI can offer a promising solution against. Illicit trade is a serious threat and problem that affects governments and societies on every level. While governments lose financial funds in tax revenues, thriving businesses are losing potential customers, and customers are getting tricked into purchasing counterfeit, low-quality products. Transnational organized crime generates revenue of $2.2 trillion through transnational criminal organizations, complicit corrupt facilitators, and other threat areas.